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Auto lender violated bankruptcy stay (access required)

By: Pat Murphy
Published: May 27, 2009

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An auto lender violated the automatic stay in a bankruptcy case when it applied loan payments made through automatic deductions from the debtor’s paychecks, the 8th Circuit Bankruptcy Appellate Panel has ruled in reversing judgment. The debtor obtained an auto loan from the defendant prior to filing for bankruptcy. The loan was paid by way of ...
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